TD Cowen Lowers Ichor (NASDAQ:ICHR) Price Target to $38.00

Ichor (NASDAQ:ICHR) had its price objective trimmed by TD Cowen from $40.00 to $38.00 in a research report released on Friday morning, Marketbeat.com reports. The firm currently has a buy rating on the technology company’s stock.

Several other equities research analysts also recently commented on the company. Oppenheimer began coverage on Ichor in a report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 target price for the company. DA Davidson began coverage on Ichor in a report on Thursday, September 26th. They set a “buy” rating and a $50.00 target price for the company. B. Riley reaffirmed a “buy” rating and set a $38.00 target price (up from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Finally, Needham & Company LLC downgraded Ichor from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.29.

Ichor Trading Down 3.5 %

Shares of Ichor stock opened at $30.84 on Friday. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of -33.16 and a beta of 1.92. The business has a fifty day simple moving average of $32.18 and a 200-day simple moving average of $31.69. Ichor has a fifty-two week low of $26.40 and a fifty-two week high of $46.43.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. The business had revenue of $211.14 million during the quarter, compared to analyst estimates of $203.24 million. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. On average, equities analysts forecast that Ichor will post -0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ICHR. State Street Corp increased its position in Ichor by 1.8% in the 3rd quarter. State Street Corp now owns 1,232,532 shares of the technology company’s stock worth $39,207,000 after purchasing an additional 21,804 shares during the last quarter. Hood River Capital Management LLC increased its position in Ichor by 15.8% in the 2nd quarter. Hood River Capital Management LLC now owns 1,108,227 shares of the technology company’s stock worth $42,722,000 after purchasing an additional 150,933 shares during the last quarter. Geode Capital Management LLC increased its position in Ichor by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 795,794 shares of the technology company’s stock worth $25,319,000 after purchasing an additional 27,540 shares during the last quarter. Royce & Associates LP increased its position in Ichor by 20.8% in the 3rd quarter. Royce & Associates LP now owns 718,967 shares of the technology company’s stock worth $22,870,000 after purchasing an additional 123,585 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its position in Ichor by 4.5% in the 3rd quarter. Westfield Capital Management Co. LP now owns 580,818 shares of the technology company’s stock worth $18,476,000 after purchasing an additional 24,889 shares during the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.

Ichor Company Profile

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.